Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. Sandvik AB
  6. News
  7. Summary
    SAND   SE0000667891


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Sandvik to acquire leading mine planning software company Deswik and launch new Digital Mining Technologies division

12/02/2021 | 02:16am EST

Sandvik has signed an agreement to acquire Australian-based Deswik, the leading and fastest growing major provider of mine planning software. Deswik will be part of a newly formed division Digital Mining Technologies within business area Sandvik Mining and Rock Solutions.

By acquiring Deswik, Sandvik gains a top-tier supplier of integrated software platforms that support digitalization throughout mine planning stages, with more than 10,000 current licenses. Deswik has a high quality customer base, and its strong profitable growth and low customer churn will further enhance Sandvik's presence within software and digitalization, and help accelerate growth.

"I am very pleased that we continue to execute on our shift to growth strategy, and continue to broaden our offering with digital solutions that increase productivity in the customer's value chain. Mine planning and operations management is a key growth opportunity, and this complementary acquisition and our new Digital Mining Technologies Division will strengthen our digital offering and enable us to provide customers a more comprehensive suite of technologies," says Stefan Widing, President and CEO of Sandvik.

Deswik will fill a value chain gap in Sandvik Mining and Rock Solutions' offering, increasing upstream mining coverage and enabling opportunities for end-to-end optimization solutions, including, for example, incorporating electrification at the mine planning stage. Its core software suite includes computer-aided 3D mine design, scheduling, operations planning, mining data management and geological mapping. Deswik also offers a range of consultancy services, including mine planning, scoping, software implementation and training support.

"Deswik's second to none software suite combined with Sandvik's digital and automation offering creates a clear world leader in digital solutions for the mining industry. Combining Deswik's skills in mine planning and scheduling with our equipment and automation expertise will open new opportunities for optimizing our customers' mining value chain" says Henrik Ager, President of Sandvik Mining and Rock Solutions.

Deswik will form one of three cornerstones in the newly-created division Digital Mining Technologies, established to accelerate the execution of Sandvik Mining and Rock Solutions' strategic priority to lead the industry development of underground sustainability and productivity solutions in electrification, automation, digitalization and end-to-end optimization. The new division also includes Sandvik Mining and Rock Solutions automation solutions and the Newtrax telemetry and collision avoidance solutions.

Privately-owned Deswik, established in 2008 and headquartered in Brisbane, has approximately 300 employees and operates 14 offices in 10 countries. The company has demonstrated strong and profitable growth over the past decade in the large and growing mining software market.  

Deswik's revenue per October 2021, on a rolling twelve month basis, totaled AUD 79 million, of which the share of recurring revenue was approximately 45 percent, and with an EBITA margin of approximately 30 percent. Impact on earnings per share (excluding non-cash amortization effects from business combinations) will be accretive. The parties have agreed not to disclose the purchase price.

The transaction is expected to close during Q1 2022, subject to relevant regulatory approvals.

Sandvik estimates that transaction costs of approximately SEK 50 million in total will impact Sandvik Mining and Rock Solutions in the fourth quarter.

Conference call

There will be a conference call related to the intended acquisition on December 2, 2021 at 1:30-2:30 PM CET for analysts, investors and financial media. The conference call will also be available live in `listen-only' mode on Sandvik's website. Please see home.sandvik for the dial-in details and presentation material available at about 1:00 PM CET.

Dial-in numbers for the conference call:

SE: +46 8 505 583 69 (direct)

UK: +44 333 300 0804 PIN: 87268762#

Stockholm, December 2, 2021

Sandvik AB

For further information, contact Louise Tjeder, Vice President Investor Relations, phone: +46 70 782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 70 721 1008.

Sandvik Group
Sandvik is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and sustainability. We hold world-leading positions in selected areas - tools and tooling systems for metal cutting; equipment and tools, service and technical solutions for the mining industry and rock excavation within the construction industry; products in advanced stainless steels and special alloys as well as products for industrial heating. In 2020 the Group had approximately 37,000 employees and revenues of about 86 billion SEK in more than 160 countries within continuing operations.



(c) 2021 Cision. All rights reserved., source Press Releases - English

All news about SANDVIK AB
01/05Sandvik receives record order for AutoMine solutions
01/05SANDVIK : Invitation - presentation of Sandvik's report of the fourth quarter 2021
01/05Invitation - presentation of Sandvik's report of the fourth quarter 2021
01/04Sandvik Receives $44 Million Order From Chilean Miner
01/04Sandvik receives record order for AutoMine« solutions
01/04Sandvik Receives Record Order for Automine« Solutions
2021More than 50,000 Finnish industrial workers threaten to strike over wage dispute
2021Sandvik Buys US-Based Dimensional Control Systems
2021Sandvik Unit Wins $110 Million Tunneling Equipment Contract
2021Sandvik acquires quality management software provider Dimensional Control Systems
More news
Analyst Recommendations on SANDVIK AB
More recommendations
Sales 2021 96 944 M 10 772 M 10 772 M
Net income 2021 14 170 M 1 575 M 1 575 M
Net Debt 2021 17 406 M 1 934 M 1 934 M
P/E ratio 2021 21,8x
Yield 2021 2,19%
Capitalization 310 B 34 484 M 34 497 M
EV / Sales 2021 3,38x
EV / Sales 2022 2,83x
Nbr of Employees 42 090
Free-Float -
Duration : Period :
Sandvik AB Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SANDVIK AB
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 247,50 SEK
Average target price 265,95 SEK
Spread / Average Target 7,46%
EPS Revisions
Managers and Directors
Stefan Widing President, Chief Executive Officer & Director
Cecilia Felton Chief Financial Officer & VP-Group Control
Johan Molin Chairman
Jennifer Margaret Allerton Independent Director
Claes G÷sta Boustedt Independent Director
Sector and Competitors
1st jan.Capi. (M$)
SANDVIK AB-2.02%34 484
ATLAS COPCO AB-7.06%74 974